16 Celebrities Who Have Gone Bankrupt

50 Cent

50 Cent, whose real name is Curtis Jackson, filed for bankruptcy protection in the Connecticut Bankruptcy Court in July. Records show he had assets of $10 million to $50 million, but debt in about the same range. Though reasons aren't known for why he filed for bankruptcy, Jackson filed just after losing two high-profile lawsuits.

And though Jackson admits to going to a strip club after the bankruptcy filing, he defends his lavish actions by saying, "I had to attend a strip club because it was already on the itinerary prior to that."